DGAP-PVR: Correction of a release from 13.02.2014, 16:25 CET - Correction of a release from 10.02.2014, 16:44 CET - Panamax Aktiengesellschaft: Publication according to § 26 paragraph. 1 WpHG with the objective of Europe-wide distribution

| Source: EQS Group AG
Panamax Aktiengesellschaft 

17.03.2014 17:40

Dissemination of a Voting Rights Announcement, transmitted by
DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Notification of voting rights pursuant to sec. 25 WpHG
We received the following notification pursuant to sec. 25 WpHG on February
06, 2014:

1. Listed company:
Panamax Aktiengesellschaft
c/o Buse Heberer Fromm, Bockenheimer Landstraße 101, 60325 Frankfurt am
Main, Deutschland

2. Notifier:
Mr Wilhem Konrad Thomas Zours, Deutschland 

3. Triggering event:
Reaching threshold

4. Threshold(s) crossed or reached:

5. Date at which the threshold is crossed or reached:

6. Total amount of voting rights:
5.00% (equals 78958 voting rights)
calculated from the following total number of voting rights issued: 1579160

7. Detailed information on the voting rights proportion:

Voting rights proportion based on financial/other instruments pursuant to
sec. 25 WpHG:
5.00% (equals 78958 voting rights)

thereof held indirectly:
5.00% (equals 78958 voting rights)

Voting rights pursuant to sec. 21, 22 WpHG:
0% (equals 0 voting rights)

8. Detailed information on financial/other instruments pursuant to sec. 25

Chain of controlled undertakings:
Deutsche Balaton Aktiengesellschaft, Heidelberg, Deutschland, VV
Beteiligungen Aktiengesellschaft, Heidelberg, Deutschland, Delphi
Unternehmensberatung Aktiengesellschaft, Heidelberg, Deutschland

ISIN or name/description of the financial/other instrument: The exercise
period of the financial instrument ends 23 months after the expiry of the
acceptance period of a discharge level of the counterparty to the
shareholders of Panamax corporation due to its acquisition of control of
the Issuer in accordance with § 35 et seq Takeover Act mandatory offer. The
financial instrument refers to the acquisition of shares carrying voting
rights in the Issuer to the extent of 5% of the voting rights at the time
of exercise of the instrument.

17.03.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language:     English
Company:      Panamax Aktiengesellschaft
              c/o Buse Heberer Fromm, Bockenheimer Landstraße 101
              60325 Frankfurt am Main
Internet:     www.panamax-ag.com
End of Announcement                             DGAP News-Service